PRICE AT THE PUMP - AROUND THE WORLD

PRICE AT THE PUMP - AROUND THE WORLD

What would you pay for a gallon of gas around the world? As you can see below, the price ranges from almost triple the US average across most of Northern Europe (due to fossil-fuel taxes and emerging carbon-cap regulation) to small fractions of the US average in many heavy-production countries (due to government subsidies for its citizens).

Country

Price per US gallon

Percent of US average

Norway

$ 8.67

279%

Netherlands

$ 8.52

274%

Belgium

$ 8.36

270%

Germany

$ 8.06

260%

United Kingdom

$ 7.91

255%

Italy

$ 7.68

248%

France

$ 7.46

240%

Spain

$ 7.34

237%

Poland

$ 6.55

211%

Japan

$ 5.19

167%

Brazil**

$ 4.14

134%

United States

$ 3.10

100%

Russia

$ 3.03

98%

Kazakhstan

$ 2.73

88%

Mexico*

$ 2.46

79%

China

$ 2.27

73%

Nigeria

$ 2.23

72%

Saudi Arabia

$ 0.45

15%

Iran

$ 0.42

13%

Venezuela*

$ 0.11

4%

* All prices from November 2007, except Mexico and Venezuela in August 2007

** Brazil is 25% ethanol, so price adjusted downward to be comparable Source: Reuters, November 2007